Europe's sanctions on Russia: Where will it hurt most?

Updated 1723 GMT (0023 HKT) August 1, 2014

Europe's sanctions on Russia: Where will it hurt most?9 photos

Sberbank – Sberbank is Russia's biggest lender and the 186th largest company globally. It reported $54.8 billion in revenues last year and $11 billion in net profit, according to its Fortune Global 500 ranking. Pictured here are policemen guarding a branch of Sberbank in Kiev.

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Europe's sanctions on Russia: Where will it hurt most?9 photos

VTB Bank – Russia's second biggest bank, VTB Bank, operates in more than 20 countries. The bank said it "strongly disapproves" the decision of European authorities to limit its access to capital markets, but that it expects to operate as usual.

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Europe's sanctions on Russia: Where will it hurt most?9 photos

Gazprombank – Founded by the energy giant Gazprom, Gazprombank is the third largest bank in Russia. It says it has four million clients.

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Europe's sanctions on Russia: Where will it hurt most?9 photos

Kalashnikov – Russia's largest firearms manufacturer is among nine of the country's arms firms that have had U.S. assets frozen. It has been banned from doing business with American companies or individuals. Pictured here is Russia's President Vladimir Putin in Kalashnikov factory.

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Europe's sanctions on Russia: Where will it hurt most?9 photos

Dobrolet – Dobrolet is a low-cost subsidiary of Russian state airlines Aeroflot. The EU has included it on the lists because, it said, Dobrolet has "exclusively operated flights between Moscow and Simferopol since the illegal annexation of Crimea."

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Europe's sanctions on Russia: Where will it hurt most?9 photos

Arkady Rotenberg – Arkady Rotenberg has close links with Putin, having been his sparring partner in judo training for years. He is an executive for Dynamo's ice-hockey club. Rotenberg and his brother Boris have been on the U.S. sanctions list since March. Arkady has now had his assets frozen and visa revoked by the EU countries.

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Europe's sanctions on Russia: Where will it hurt most?9 photos

Yuri Kovalchuk – Yuri Kovalchuk is Bank Rossiya's largest shareholder. The U.S. Treasury Department described Kovalchuk as "the personal banker" to Putin and other senior Russian officials.

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Europe's sanctions on Russia: Where will it hurt most?9 photos

Igor Sechin – Igor Sechin, the CEO of Rosneft, has had his assets frozen as part of the U.S. sanctions against Russia.